Boost for buy-to-let option for retirees.
March 26, 2015
New figures confirm that retired homeowners are typically earning more than £7,000 each from their homes over the past six months, this is excellent news for retirees considering to use the Buy-to-Let option when choosing where to invest their savings that would otherwise have to have gone into an annuity.
This news is well timed just ahead of the change in pension annuity rules that come into force on 6th April, according to a recent study carried out by insurer Direct Line for Business found that almost 30% of people who had a pension said they were considering using some or all of their savings pot to purchase a buy-to-let property to provide them with an income during retirement.
People will no longer be forced to convert their pension pots into annuities, instead they will be able to withdraw their money in one go and spend or invest it as they wish, this policy should be a bonus for both property sales and lettings transactions.
However first of all we have to get the election out of the way and see who we have in power. There have been some negative vibes recently from agents in the industry as to if the outcome of the election was a Labour outright victory or even coalition, especially with the talk of Mansion Tax, Change in Landlord rules regarding minimum term rentals and rent controls, not long to wait now just over one month and the election will be decided.
You May Also Enjoy
Homebuyers face longer buying timelines
The latest research from Lyons Bowe suggests the homebuying process could become even slower in 2026: as the number of conveyancers operating across the UK is thought to have fallen by almost -13% while transaction volumes rise, placing further pressure on completion timelines. Lyons Bowe has analysed data on the number of active conveyancers in…
Read More 
Breaking Property News 1/4/26
Daily bite-sized proptech and property news in partnership with Proptech-X. Winning the AI Era: A Playbook for UK Estate Agencies The AI-Driven Rewiring of UK Estate Agency Thought Leadership by Andrew Stanton CEO Proptech-PR Real estate has historically been conservative, fragmented, and inefficient. A surge of startups, is introducing automation, data-driven decision-making, and better customer experiences. This…
Read More 
What renters and landlords need to know ahead of major rental law changes
With just one month to go until the first phase of the Renters’ Rights Act comes into force, the leading professional body, Propertymark, is urging renters and landlords across England to understand how the changes could affect them. From 1 May 2026, the legislation will introduce some of the biggest changes to the private rented…
Read More 
Tackling Empty Properties
A UK Perspective on Best Practice and Recommendations for Reform Propertymark, the UK’s leading professional body for property agents, has today published a comprehensive new position paper highlighting the urgent need for coordinated, practical and properly resourced action to bring long-term empty properties back into use. With over 359,000 homes sitting empty for more than…
Read More 
Pet-friendly rentals plunge 39%
New research from Inventory Base reveals that the number of pet-friendly rental homes in England has fallen by -39% since the start of 2026, as landlords appear to be reducing the number of homes openly marketed as allowing pets ahead of the Renters’ Rights Act taking effect from 1st May. The Renters’ Rights Act (RRA)…
Read More 
Latest Nationwide house price data showing a 2.2% increase
Industry reaction to Nationwide house price data showing UK annual house price growth picked up to 2.2% in March, from 1.0% in February. Nathan Emerson, CEO of Propertymark, comments: “An uplift in house prices will be welcomed by the market and suggests that buyer demand remains resilient despite ongoing economic headwinds. Improved sentiment, coupled with…
Read More